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28 October 2021

City AM: Forget the pandemic: Brexit’s impact on UK economy will be much worse, warns fiscal chief

The Office for Budget Responsibility (OBR) had assumed leaving the EU would “reduce our long run gross domestic product by around 4 per cent”, adding: “We think that the effect of the pandemic will reduce that (GDP) output by a further 2 per cent,” its chief Richard Hughes said.

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